If you do get approved for a higher LTV consider it icing on the cake but don't make your decisions based on that.

Oh god where do I start....You may have seen me on The First 48 following a murder In one unit of a building we have had 3 tenants die in 15 monthsVarious offers of sex for rent to maintenance staffThe Feds took over property we managed as owner turned Out to be a drug traffickerMore fires due o stove left on than I can countEmployee/ resident shot coming home late night from guy hiding in bushesTenant mad because apartment broken into and her cake she baked was stolen....not concerned about the rest of her stuff Countless tenant stole the kitchen and left water runningI could go on for days from stuff over the last 10 yearsI will challenge any pm to a trade off of great management stories.....property management nothing to it

If you do get it, it will be icing on the cake.

The cake, iced in tragedy...his dad died this past weekend.

I suppose though that if deals are being source based on absolute fundamentals and the consideration is that path of progress appreciation will only be icing on the cake it's not a specifically more risky strategy.

from my point of view turn key is basically interchangeable.. since the mantra is there is little to no appreciation and if you get it its icing on the cake.. so its cash flow driven.. how do you get cash flow . you buy the best rentals possible and put them with the best PM you can get.

Gonna pass too.....mostly on the fact that they are a co-worker......and one with some fair but not horrible red flags is the icing on the cake.

We do have appreciation but that should be the icing on the cake and not the meat and potatoes.

I’m not sure about you but I don’t want to eat my cake in seven to ten years from now (I’m not thirty-something anymore).

In my opinion - use the paint to cover blemishes and hide ugly, outdated wood (like red oak), just don't layer it on til it looks like a wedding cake.